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| 2008/1/23-31 [Politics/Domestic/President/Clinton, Politics/Domestic/President/Reagan, Politics/Domestic/President/Bush] UID:48991 Activity:low |
1/22 Sweet, Bush's stimulus package is nearly *twice as large* as the
one Clinton proposed in 1993, but couldn't get passed. Go
Bushonomics!
\_ So who are you blasting? Is it a good idea that was unfairly spiked
in 1993, so....Bush is bad?
\_ Dunno about op, but I find it to be more evidence of how BushCo
is lacking in principles, even ones I don't support. Morally
bankrupt doesn't do it justice.
\_ Wait, wasn't congress a majority D in 1993? What does this
have to do with BushCo? Okay, now checking:
http://en.wikipedia.org/wiki/103rd_United_States_Congress
The D's had a majority in both houses and the presidency. How
does what they failed to pass mean anything wrt Bush?
\_ Clinton proposed a stimulus package that would have raised
the Deficit; har, har, snicker conservatives, typical Dem.
Bush proposes _twice as large_ stim package, yet pretends
to be fiscally conservative Rep in the tradition of Reagan.
The irony is enough to cure world-wide anemia.
\_ Reagan was never fiscally conservative.
Reagan == trickle down economics. High deficit spending
is not being fiscally conservative. Ron Paul is the
only current candidate promoting fiscal conservativism.
\_ Bush hasn't pretended to be fiscally conservative for a
long time. It's why he's lost a lot of his base. See
the thread from 1/18 on that very topic. -emarkp
\_ Now you're memorizing threads+date? Dang you're
a major motd-snob.
\_ more like a major motd-geek than a motd-snob.
\_ No, I'm not memorizing it, I just remember
mentioning it a few days ago. Checking the history
was easy. -emarkp
\_ Yes, you know that, I know that, lots of people
know that. He still keeps pretending.
\_ So the real story is that Clinton proposed an R idea, and a D
congress shot it down?
\_ The real story is that there are no conspiracies. It's all out
in the open.
\_ These economic stimulus packages are bogus and don't address the
fact that the economy is being hollowed out and the financial
system is out of control due to lack of any kind of regulation.
Out of control lending and speculation, twin deficits over a
trillion a year is setting up the system for collapse, all this
shit Bush and the Fed are doing is just delaying the inevitable.
\_ The important thing is delaying shit hitting the fan until
someone else takes over, then it's their problem.
\_ Yup -- the shit will hit the fan around 2010/2012 when
peak oil arrives so whatever party wins the election
will get one term and then get dumped (see Carter)
\_ You're totally nuts if you think Carter got kicked out
because of oil prices or economic events his
administration wasn't mostly responsible for. Maybe
you also heard of this little thing called The Iran
Hostage Crisis? Are you old enough to remember the
daily count-up on the news reminding us yet another
day had gone by while our people were held by a
foreign power while Carter stood around with two thumbs
up his ass telling us how America should get used to
being a third rate power? Sheesh. I could go on but
there's no point.
\_ I had forgotthen how Reagan solved the Iran hostage
crisis in the first 5 minutes of his Presidency ...
\_ I'm sure you forgot because it has nothing at all
to do with anything I said about Carter. Nice
try.
\_ PEEK OIL!!!!11!!
\_ Yeah, we got to this point for a reason. Cutting the rate
more and spending more is just digging the hole deeper. Maybe
it will prop up housing again for a while with more cheap credit.
\_ Isn't the economy more than twice as large today?
\_ Not even close. It's like ~9:13. 1:1.7 in real dollars.
(According to US budget tables.)
\_ Is Bush's budget stimulus twice as large in real dollars
or nominal dollars? In nominal dollars the economy is
almost exactly twice as big:
http://www.forecasts.org/data/data/GDP.htm
\_ For some reason I was comparing against 2000. You're
right about nominal dollars vs. 1993. But in real dollars
it's still only like 33% bigger. Hooray for inflation.
And that also assumes the government CPI shit is accurate.
(I'll let the op figure out whatever he was referring to.) |
| 2008/1/23 [Finance/Investment] UID:48992 Activity:nil |
1/23 Buy buy buy GOOG at 530! When they announce increased market share and
positive outlook, this stock is gonna bust out to new highs!
</sarcasm> |
| 2008/1/23-31 [Uncategorized] UID:48993 Activity:nil |
1/23 In graphviz (dot), how do you change the width of the connections
between the nodes? |
| 2008/1/23-31 [Computer/Companies/Google] UID:48994 Activity:nil |
1/23 Google at $537. Where's the Google800 guy? Bahahahaha:
http://finance.yahoo.com/q?s=GOOG
\_ hey, it only needs to go down 80% more for you to be in the black,
short-GOOG-at-100 guy!
\_ I did a 680->630 short a while ago. I was a bit anxious as
it went to the mid 700 range but was relieved when it started
tanking. I should have waited longer. Damn. |
| 2008/1/23-31 [Finance/Investment] UID:48995 Activity:kinda low |
1/23 Need retirement savings advice: if I had the foresight to move from
market index funds into treasuries at DJIA 14K, and put them back into
market index funds at DJIA 12K, and not touched the fucker again until
14K, would that have been a feasible move?
Yeah, I know, it's like saying, "If I could have bought puts on GOOG
at 730 and sold them now when GOOG's at 530", but it's a slightly
different question.
\_ Trying to time the market is very difficult, but you can always
try. Maybe you should start out doing with some percentage of
your retirment fund (like 1/4) and see how you do before risking
the whole thing.
\_ Umm, maybe he should not be doing this with retirement fund
money.
\_ I don't see why not, unless he is really close to retirement.
If he screws up and loses some small part of it (1/2 of the
1/4 he played with) then he has to cut back on spending a bit
so he can save more, or expect to work a bit longer or
whatever. What is sacrosanct about retirement fund money?
Since your risk horizon is probably longer, it actually makes
since to push it a bit.
\_ You have a point, sort of. It's not a bad idea to do all
your most tax-inefficient stuff in a retirement account.
However, you can only put so much money in these tax
advantaged accounts, so I don't think it's the best place
to fuck up. Therefore I wouldn't suggest "experimenting"
in a retirement account.
\_ I don't understand your question.
\_ If all this is in an IRA or 401(k), are there typically fees for
transferring out of $80K invested in a market index fund and
into treasuries, and back after 9 months, and if so, what are the
fees typically?
\_ Beating the market is a zero sum game. For every dollar invested in
the stock market that gets a 1% better than average return, another
dollar invested in the market underperforms the average return rate
by 1%. Just *trying* to beat the market will cost you in
transaction fees for each attempt at something clever. When you're
right, they'll cut into your returns, and when you're wrong, they'll
increase your losses even further. On the other hand, *matching*
the market's average return rate is trivially easy and inexpensive
in management fees (use an index fund). If you're convinced that
you're psychic, try this on paper for a while before you gamble
with your retirement money.
\_ about what kind of fee can I expect for a $100K move out of an
index fund and into a treasury fund (and vice versa) let's say
at a Fidelity managed IRA? thanks.
\_ It depends on the brokerage, account type, the specific funds
involved, and sometimes the circumstances of the transaction.
If you've got a specific enough transaction in mind, call your
broker and ask.
\_ yeah, but do you, or does anyone on soda happen to know
off-hand the typical fee for the specifics I described?
\_ No. I don't have an IRA with Fidelity, and am
unfamiliar with their fee structure. If I were moving
$100k in or out of the exchange traded index funds I've
been using in my Schwab brokerage (non-ira) account,
it would cost me about $10. Your mileage *will* vary.
\_ thanks! just wanted a rough number. this also tells
me that not many sodans know this number.
\_ We're not your web searching lap dogs, ass wipe.
\_ Let me paraphrase what I just said. "Schwab
charges $10 for stock trades in institutional
accounts." Do you still think I've given you
information relevant to your situation?
\_ Why not call your broker and ask? We don't
know what *your* fees are.
\_ this is true in general, I agree -op
\_ We are going to see SPX 750, possibly 500. Get out of the market
NOW. |
| 2008/1/23-31 [Uncategorized] UID:48996 Activity:nil |
1/23 Bushenomics:
http://www.propeller.com/viewstory/2008/01/21/the-fraud-of-bushenomics |
| 2008/1/23-31 [Politics/Foreign/Europe] UID:48997 Activity:nil |
1/23 Ok, this sounds like satire... but it isn't.
http://news.bbc.co.uk/2/hi/uk_news/education/7204635.stm
Uk agency considers 'The Three Little Pigs' to be racist. |
| 2008/1/23 [Academia/Berkeley/CSUA] UID:48998 Activity:nil |
1/23 In case someone who's !politburo (or doesn't read their mail) but
has root@scotch, named is down
\_ fixed |